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Buyout firm Thoma Bravo approaches Symantec about acquisition, say sources: Reuters

Nov 06, 2018 - peHUB

Private equity firm Thoma Bravo LLC has approached Symantec Corp (SYMC.O) to express interest in acquiring the Norton antivirus software maker, people familiar with the matter told Reuters on Tuesday.

A deal could be the largest leveraged buyout this year, based on Symantec’s market value of about $15 billion and total debt of approximately $5 billion. It would come as Symantec seeks to regain its footing in a crowded cyber security market following a string of acquisitions, including th...